Small Business and Group Plans

Many people get health coverage through their employer, this is called group coverage. Employers usually offer several types of coverage to choose from, and employees get a chance to change their coverage once a year during open enrollment. The three most common types of health plans are health maintenance organizations (HMOs), preferred provider organization insurance plans (PPOs) and high deductible health plans (HDHP) which are qualified to also have a health savings account (HSA).

HMO:

When you sign up, you select a primary care physician (PCP) from a network of doctors. Your PCP is your first point of contact for most of your basic health care needs.

Women can also select an OB/GYN for obstetrical and gynecological care.

If you need special tests or need to see a specialist, your PCP will give you a referral to see another doctor.

PPOs:
Like HMOs, PPOs often feature a network of doctors, specialists and hospitals; however, there are some key differences between the plans.

With a PPO insurance plan, you don't have to choose a primary care physician.

You have the option of receiving care from doctors, hospitals and specialists in the network or outside the network, and you don't always need a referral to see a specialist. Stay in-network to keep your out of pocket medical expenses as low as possible.

HSA qualified plans:
A High Deductible Health Plan (HDHP) is a health insurance plan that contains certain requirements with respect to deductibles and out-of-pocket expenses that qualifies the policyholder to open and contribute to a Health Savings Account (HSA). A Health Savings Account (HSA) is a tax-favored account used in conjunction with an HSA-compatible health plan or HDHP. The HSA allows you to contribute funds on a pre-tax or tax-deductible basis, which you may use to pay for eligible medical expenses.

HSA contributions are tax-free or tax-deductible

No use it or lose it, its your money

You’re in control. You choose when to use your HSA or pay out-of-pocket.

After age 65, HSA funds can be used for non-qualified expenses and only income tax is assessed

Withdrawals are tax-free when used to pay for qualified medical expenses

Earnings grow tax-deferred

Health Savings Accounts (HSA) have tax and legal ramifications. AMG Insurance Agency and Health Plan Finders does not provide legal or tax advice, and nothing herein should be construed as legal or tax advice. These materials, and any tax-related statements in them, are not intended or written to be used, and cannot be used or relied on, for the purpose of avoiding tax penalties. Tax-related statements, if any, may have been written in connection with the promotion or marketing of the transaction(s) or matter(s) addressed by these materials. You should seek advice based on your particular circumstances from an independent tax advisor regarding the tax consequences of specific health insurance plans or products.

To get a quote for a Group Health Insurance Plan, please click here to print the request form. Form should be completed and faxed to Health Plan Finders at the fax number listed on the form.

HealthPlanFinders.com is part of AMG Insurance Agency Inc., a Texas based Insurance Agency. Steve Dixon is the owner and primary agent and has worked in the health insurance business since 1990. Before starting ...